Aswath Damodaran: “World Order is Coming Apart” | Prof G Markets

The podcast explores the state of the U.S. stock market and potential investment strategies amidst a changing global order, featuring Aswath Damodaran, Kirshner Family Chair in Finance Education and Professor of Finance at NYU Stern School of Business. Damodaran expresses concern about catastrophic risks not being priced into the market, pointing to the unusual rise in gold and silver prices as an indicator. He suggests investors consider the adaptability of companies, particularly in the software sector, in response to AI disruption, rather than broadly investing in the sector. The conversation also covers the potential of prediction markets like Kalshi and Polymarket, and the wobbling status of the U.S. dollar due to economic and political factors. Damodaran anticipates a flat or normal year for the U.S. stock market, with the economy performing better than expected.